Megatech (Indonesian company)

Megatech
Joint-owned corporation
Fate N/A
Founded N/A
Defunct N/A
Headquarters Indonesia (registered in Bermuda)
Key people
Hutomo Mandala Putra
Products Supercar development
Projected Megatech F1 engine

Megatech is a Bermuda-registered company that pursued the development of various supercars. It is jointly owned by Hutomo (Tommy) Mandala Putra, the youngest son of President Suharto of Indonesia, and Mycom Setdco, a Bermuda-based subsidiary of Mycom Bhd.[1]

In 1994 it purchased the Lamborghini brand for $40 million.[1] It then sold it to Audi AG in 1998 for $110 million. It also led to the downfall of the Vector brand when Jerry Weigert barricaded himself in the head office of the company he founded in a failed attempt to retain control of Vector Aeromotive in 1993.[2]

References

  1. 1 2 Jacques Neyer (February 9, 1994). "Toy or Supercar for Asia?". The New York Times. Retrieved 2014-03-18.
  2. Pelz, James F. (13 May 1994). "Vector Plans to Move Car Operations to Florida" (Daily). Los Angeles Times. Online. Retrieved 7 November 2015.

External links

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